Virgin Media Plans 1.12 Billion-Pound Stock Buyback Through 2014
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Virgin Media Inc., the U.K.’s second-largest pay-television company, announced a share buyback of at least 1.12 billion pounds ($1.8 billion), to be completed by the end of 2014.
That represents about 19 percent of the company’s market value and follows a program started in 2010 that has since repurchased about 22 percent of shares for 1.13 billion pounds, Virgin Media said in a statement today.